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Salesforce
CEO Marc Benioff laid out his strategy for navigating a period of sharp stock underperformance: focus on delivering a strong product for customers and keep buying back shares.
“We’re going to keep focusing on our customer success,” Benioff said on “Mad Money” on Wednesday. “We’re going to continue to drive our revenue, we’re going to continue to deliver tremendous cash flow.”
Shares of Salesforce have struggled this year amid growing concerns that generative AI platforms from companies like Anthropic and OpenAI could disrupt traditional software providers. The stock slipped another 1.5% in extended trading Wednesday despite better-than-expected earnings, as investors focused on softer-than-expected guidance.
